15 Sep
2012
15 Sep
'12
3:12 a.m.
On 14 Sep 2012, at 7:34 PM, Chuck Guzis wrote:
IBM did pretty well with their acquisition of Rolm. I
still have a
Rolm frisbee for playing with the dogs.
I was at MilSpec at the time that happened. From our perspective IBM borked it; they
should have purchased telcom from MilSpec rather than buying the entire lash up and being
pushed into the consent decree because of the conflict between MilSpec and their existing
Federal Systems division. OTOH for those of us at MilSpec it was great; our underwater
ROLM options got translated favorably into not-underwater-at-all IBM options (with a
dedicated banker on hand to write bridge loans for people who wanted to cash out); a sort
of retention trust fund was created to encourage employees not to jump ship and the
capital budget was endless; I believe I ordered two MV/10000s and three MV/4000s and
received *zero* pushback from anyone.
--
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